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All Forum Posts by: Cedric Stout

Cedric Stout has started 79 posts and replied 147 times.

Post: Double Lot Rental or Flip Wholesale Deal in Bridgeton, NJ

Cedric StoutPosted
  • Investor
  • Palisades Park, NJ
  • Posts 165
  • Votes 29

Hi @Linda Labbe

Please inbox me your best contact number. Thanks! 

Post: Double Lot Rental or Flip Wholesale Deal in Bridgeton, NJ

Cedric StoutPosted
  • Investor
  • Palisades Park, NJ
  • Posts 165
  • Votes 29

Calling All South Jersey Investors, Landlords, Rehabbers, and Flippers!

Hot Deal! Double Lot Rental or Flip Wholesale Deal in Bridgeton, NJ for only $19,000!

County: Cumberland County, South New Jersey

Google Maps: https://goo.gl/maps/YHYufoiVZ3G2

Picture Slideshow: https://www.youtube.com/watch?v=t9ByLxwUkl8&featur...

This property can be a great rental or flip depending on your investment strategy. Put a little elbow grease into it and rent it out for a quick return on your investment. This is a solid deal! Comes with 2 lots (301 and 303). Great starter investment as well!

Property Features:

  • Single Family
  • 2 Bedrooms
  • 1 Bathroom
  • 660 sq. ft.
  • Double Lot (301 & 303 S Pine)
  • Basement with storage space
  • Newer electric water heater (3 years old)
  • Newer gas line from street to house
  • Newer gas heater (less than 5 years old)
  • Gas hookup for stove
  • Roof in front could use some TLC (no known water damage)
  • Roof in back of house in better shape
  • Neighborhood is lower income
  • Currently occupied but Tenants may be moving out. Expect Vacancy.
  • Property Financials:

  • Average Rents in Area: $900/mo
  • Property Taxes: $2,250
  • Asking Price: Only $19,000!

    To see more investment property wholesale deals and to join our VIP buyer's list, please visit:

    www.stoutinvestments.com

    Post: Calling All Cash Buyers & Rehabbers - South Jersey!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    CALLING ALL CASH BUYERS FOR SOUTHERN NJ!

    I'm currently looking for serious CASH buyers, rehabbers, & fix and flippers, and investors that invest in South Jersey. Deals are on the way and I need to get them to you! There's one right on the horizon in Bridgeton, NJ (Cumberland County) that you'll want to see. 

    All Buyers throughout the South are wanted, but I especially would like to add the following cash buyers:

    • Single Family (Fix & Flip)
    • Multi-Family [2-4 Units] (Fix & Flip, Fix and Hold, etc.)
    • Light cosmetic to full gut rehab, additions, and even knock-down and rebuilds.

    You can inbox me, email me, or go to www.stoutinvestments.com to join the club! (if you go to the website, please specify which areas you look for deals in).

    I look forward to doing business with you all!

    Post: Hot Deal! 3 Bed 1 Bath Single Family Deal in Hillside, NJ!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    @Gilbert Ross Jr Yes, I'm wholesaling this property. The property will be accessible next week, time to be determined. I will be sure to let you know the Access Instructions as soon as it is made available. 

    Post: Hot Deal! 3 Bed 1 Bath Single Family Deal in Hillside, NJ!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    **Calling all Union County, NJ Rehabbers, Fix and Flippers, and Investors!**

    https://www.youtube.com/watch?v=jSdg_rKvL_Q

    3 Bed 1 Bath Single Family home in Hillside, NJ for only $135,000!

    Submit your offer today! 910-977-5504 or [email protected]

    Google Maps: https://goo.gl/maps/zUWRB3gy1KP2

    Property Features:

    • Single Family
    • Approximately 2000 sq. ft.
    • .11 acre lot
    • Built in 1929
    • 3 Bedrooms
    • 1 Bathroom
    • 2 Stories
    • Attic
    • Unfinished Basement

    Neighborhood Features:

    • Quiet Neighborhood
    • Close commute to New York City
    • Minutes from beautiful Weequahic park and Golf Course
    • Close to Newark Airport

    Property Financials

    Estimated ARV: $249,000

    Estimated Repairs: $35,000

    Post: 5 Unit Special in Middletown, NJ! Fix and Flip or Rental!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    Hi Wally,

    Yes, it's in a flood zone. FEMA AE 1% ACF.

    @Account Closed

    Post: 5 Unit Special in Middletown, NJ! Fix and Flip or Rental!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    **Calling all Monmouth County, NJ Rehabbers, Landlords, and Investors!**

    5 Units ($5,000/month potential) in Middletown, NJ for only $135,000!

    Submit your offer today! 910-977-5504 or [email protected]

    Google Mapshttps://goo.gl/maps/b684iroHAcF2

    This sweet deal has a strong rental potential or fix and flip. Priced at practically land value!

    Property Features:

    https://www.youtube.com/watch?v=8go6JMpS0uI&featur...
    • Multi-family
    • 3 Buildings on property
    • Building 1: 3 units, each with 1 bedroom, 1 bath, kitchen, living room, and dining room.
    • Building 2: Cottage with living room, eat-in kitchen, 1 bed and 1 bath.
    • Building 3: Smaller cottage with living room, eat-in kitchen, 1 bed, and 1 bath.
    • Gas Heating
    • 2 driveways for parking
    • Could be either a flip or rental
      • Total potential rent: $5,000/months ($1,000 per unit)
    • Can be a great turnkey property as well.

    Neighborhood Features:

    • Close commute to New York City
    • Minutes to Ferry and Train

    Property Financials

    ARV: $450,000-$500,000

    Estimated Repairs: $150,000-$175,000 (full gut rehab plus raising each structure)

    ASKING PRICE: Only $135,000!!

    Post: Calling All Cash Buyers & Rehabbers - Central New Jersey!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    CALLING ALL CASH BUYERS FOR UNION & MONMOUTH COUNTIES NJ!

    I'm currently looking for serious CASH buyers, investors, rehabbers, & fix and flippers that invest in Union & Monmouth counties. Deals are on the way and I need to get them to you!

    All Buyers throughout the county are wanted, but I especially would like to add the following cash buyers:

    • Single Family (Fix & Flip)
    • Multi-Family [2-4 Units] (Fix & Flip, Fix and Hold, etc.)
    • Light cosmetic to full gut rehab, additions, and even knock-down and rebuilds.

    You can inbox me, email me, or go to www.stoutinvestments.com to join the club! (if you go to the website, please specify which areas you look for deals in).

    Let's create success together!

    Post: New Year's "Add-a-Level" Special, Bridgewater, NJ!

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    Picture Slideshowhttps://www.youtube.com/watch?v=ve7Kf_L8ipA

    This Central New Jersey property in Somerset County is in the desirable Bradley Gardens in Bridgewater, NJ. It features a big lot and beautiful location. This property would make a perfect candidate for an addition or add-a-level to create tremendous value. Add 2 more bedrooms and a half bath for extra value.

    Property Features:

    • Single Family (Vacant)
    • 1 Bedroom
    • 1 Bathroom
    • 788 sq ft
    • 0.46 acre lot
    • Gas Heating
    • Frame Construction
    • Built 1930
    • Driveway
    • Kitchen
    • Gas Heating
    • Living Room
    • Den
    • Bedroom
    • Bonus “Garden” Room
    • Wooden Shed in backyard.
    • Big Lot
    • Land Value of $138,000

    Neighborhood Features:

    • Desirable Bradley Gardens
    • Close to houses of worship
    • Excellent school system

    Property Financials

    ARV: $450,000

    Estimated Repairs: $125,000 (roof, siding, floors, kitchen, wall repair, bathroom updates, & add-a-level additions to property)

    Sale Date Address Bed/Bath SqFt Sale Price
    11/30/15 139 Pine St 2/1 766 $212,000
    11/29/15 107 Chestnut St 3/3.5 1,706 $452,000
    10/02/15 103 Ivy Ln 3/2 1,682 $435,000
    09/03/15 6 Flanders Way 3/2 1,618 $380,000
    09/01/15 8 Bradley Ln 4/2.5 2,238 $480,000

    Asking Price: Only $119,000

    Call 910-977-5504 or email [email protected] to submit your offer today!

    Post: Cash Flow Potential 2 Family - 12% Cap - $60,000 Irvington, NJ

    Cedric StoutPosted
    • Investor
    • Palisades Park, NJ
    • Posts 165
    • Votes 29

    2-Unit Multi-family with great income potential in Irvington, NJ for only $60,000!

    _________________________________________________________

    Property Address:
    471 Grove St
    Irvington, NJ 07111

    Picture Slideshow:
    https://www.youtube.com/watch?v=54CEQorCPP0

    Google Street View:
    https://www.google.com/maps/place/471+Grove+St,+Ir...
    ________________________________________________________
    Cash Buyers Only.

    Multi-family home in the Northern part of Irvington (bordering East Orange and Newark) is in need of a complete rehab throughout the whole house. Includes an unfinished basement, 7 bedrooms, 3 bathrooms. Driveway accessible from the side streets. Conveniently located minutes from Garden State Parkway and Route 280. This can either be a flip or rental.

    Flip:
    ARV: $210,000
    Estimated Repairs: $80,000-100,000 (full gut rehab)

    Asking Price: $60,000

    Rental:
    Total Investment: $160,000 (Asking price + Repairs)
    Estimated Rent: $2,500 (cumulative)
    • GOI: $30,000
    -Taxes: $3,700
    -Insurance: $1,000
    -Repairs/Maintenance @ 5% GOI: $1,500
    -Property Management @ 8% GOI: $2,400
    -Vacancy @ 7% GOI: $2,100

    NOI: $19,300 / Total Capital Investment

    12% Cap rate: $160,000
    11% Cap rate: $175,000
    10% Cap rate: $193,000
    8.3% Cap rate: $230,000

    Don't miss out on this great deal! To make an offer or to schedule a showing, call Cedric at 910-977-5504 or email [email protected].


    www.stoutinvestments.com